The total value of investments in Nigeria reduced by about 204 per cent in 2019 compared to 2018, the Nigeria Investment Promotion Commission (NIPC) has said.
The commission said the total value of the investments in 2019 is $29.91 billion compared to $90.89 billion in 2018.
The significant difference with the previous year’s valuation, the NIPC said, was attributed to the uncertainty in the economy in 2019, particularly as it was an election year. Details of the report showed that Lagos State recorded the largest number of projects , followed from a distance by Ogun , and Kaduna .
Domestic investors were the most active, with about 39 projects announcements valued at a total of $10.8 billion .
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Industrial Trust Fund trained 11,100 youths in 2019- Minister of Trade, Investment, Mariam Yalwaji-Katagum - Daily Post NigeriaThe Minister of State, Ministry of Industry, Trade and Investment, Amb. Mariam Yalwaji-Katagum says no fewer than 11,100 youths were trained nationwide
Read more »
Border closure ensured drop in illegal arms influx -- BuhariPresident Muhammadu Buhari has observed that the partial closure of Nigeria's land borders has help to reduce the influx of illegal...
Read more »
Coronavirus: WHO warns of reducing opportunities to contain spread - Daily Post NigeriaThe World Health Organisation (WHO) has warned that the increasing signs of transmission of COVID-19 outside China indicates a narrowing of the window of
Read more »
Effective family planning reduces maternal mortality rate by 30 percent - ExpertA family planning expert, Dr Taiwo Johnson, has canvassed for the involvement of men in the family planning to reduce maternal mortality among women in Nigeria.
Read more »
Youth groups denounce call for sack of Service ChiefsYouths groups including the Emerging Leaders Forum of Nigeria (ELFON), Youth Assembly of Nigeria (YAN) and Nigerian Students Parliament..
Read more »
Boko Haram: CAN declares Jan 21 annual day of prayers in honour of slain Chairman - Daily Post NigeriaThe leadership of the Christian Association of Nigeria (CAN) has declared Jan. 21 of every year to honour persecuted Christians in Nigeria. Pastor Adebayo
Read more »